bond-basics

Tax-Exempt Bonds

A Bond, the Interest on which is excludable from gross income for federal income tax purposes.


See Also

Bond

Evidence of the borrowing by an issuer and a debt instrument for tax purposes.

Tax

Compulsory charges levied by a governmental unit for the purpose of raising revenue. 


In Contrast To

Taxable Bond

A bond, the interest on which is not excludable from gross income for federal income tax purposes.

Hudson Yards Rail Yards

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